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Yonkers
Simple Financing For Your Business

Factoring Companies in Yonkers

Business Financing Should Not Be Difficult

When it comes to getting the financing that your business needs, you do not have weeks, even months to wait. At TCI Business Capital, our Yonkers invoice factoring programs are designed to get you access to the cash you need, and fast. Invoice factoring, which is also called accounts-receivable financing, is a common form of business finance that companies use to take control of their cash flow.

factoring companies in Yonkers

When you work with a bank for a loan or a line of credit, the approval process can take too long. Whether you are in a cash-flow crunch, or simply want to be prepared for future growth, our Yonkers accounts-receivable financing programs are ideal for you. The process works by sending your approved invoices to TCI Business Capital and receiving a cash advance on the invoice total. When the invoice is paid 30-90 days later, the remaining amount is provided, less our discounted factoring rate. Our representatives are available to speak with you about why we are the top choice among factoring companies in Yonkers and New York, and why our simplicity makes a difference.

Partner with a Company That Knows Your Industry

With over two decades of experience, it is no surprise that we at TCI Business Capital know your industry. Because we know your industry, we also know what is expected on your invoicing. We bring this value-added service to each of our invoice factoring lines, ensuring that you get paid for the work you have done. Take a look at a few of the industries below that we have worked with:

 Trucking Technology Manufacturing
 Oilfield Heavy Construction Utility & Pipeline
 Renewable Energy Staffing Agencies Government Contractors
 Telecom Wholesale Distribution

Understanding Your Business – That’s Our Business

TCI Business Capital is fortunate to have worked with companies in a multitude of unique situations in our tenure. Because of this, we have the expertise to not only provide your company with consistent, ongoing cash flow, but can also do so for companies in various business stages. Because our programs are approved based on the creditworthiness of your customer, we help businesses that are:

  • Waiting to get paid
  • Start-ups
  • Struggling with bad credit
  • Maxing out their credit
  • Working through Chapter 11 bankruptcy
  • Expanding quickly
  • In need of access to quick cash
  • Dealing with a tax lien
  • In a bank workout situation
  • Turned down by banks

Yonkers, New York

factoring companies in Yonkers

Early on, many industries in Yonkers relied on the Hudson River in order to flourish.

With a span of 20.3 square miles and a population of 200,667 (as of 2014), Yonkers is the most populous city in Westchester County, and it is New York’s fourth most populous city. It is about two miles away from Manhattan’s northernmost point. Once a small farm town, Yonkers has become home to many businesses of different sizes, including large corporations, innovators, inventors and a diverse set of ethnic communities.

History

The area called Yonkers today was initially inhabited by Algonquin, Mohegan and Manhattes tribes of Native Americans. But during the 1640s, the Dutch East India Company gave a grant of 24,000 acres of land to Adriaen Van der Donck, who owing to his status in Holland, was called Jonk Herr, which means young nobleman or young gentleman. The phrase “Jonk Herr” underwent several changes over the years to become Yonkers, the city’s name. It could be said that Van deer Donck started the development of this land with the construction of a saw mill at the Hudson and Nepperhan Rivers’ junction.

However, in 1664, New Netherlands, which was the name of the region where Colen-Donck was located, was renamed New York by the English after obtaining the title to the region. When Van deer Donck died, his wife sold the land, in parts, in 1667. Frederick Philipse acquired a large portion of the land in 1672 and constructed the early part of Philipsburg Manor in 1682, which is today referred to as downtown Yonkers. Philipse Manor Hall, as it is known today, was used as the city’s seat of the government.

Philipse III lost Philipsburg Manor after the Revolutionary War, owing to the fact that the British lost claim to the land.  Under New York State Law, the land was divided and sold. In 1788, 16 counties were created from New York State, with Yonkers being one of the towns that made up Westchester County. Yonkers was officially raised to town status in 1790. The construction of the first railroad station in 1848, as well as other improvements made in water and land travel in the area, helped to increase trade and create more employment opportunities in Yonkers. Inventors began to move into the area.

During the 1700s, Yonkers was still a a quiet farm town. But with the passage of time, it developed into a major trading center. Saw mills and grist mills were built. Shop owners including taverns and blacksmith began to establish business in the area.

Economy

Yonkers has developed a diversified economy, with many sectors making significant contributions. Yonkers is the gateway to Hudson Valley and New York City. Its strategic location makes it a nice location for residential and commercial investment. Among the industries contributing significantly to the growth of local economy is the retail industry. Yonkers is regarded as the retail center of Westchester County. Retail establishments in Yonkers include Cross Country Shopping Center, Central Park Avenue Corridor and the Ridge Hill Shopping Complex. Yonkers is home to businesses small and large. Apart from these businesses and industries located in the city, it has robust medical and education sectors. There are 40 public schools and two hospitals in the area.  In the recent years, the city has made significant investments in its public schools, contributing to the schools’ high rank in Westchester County.

The film industry is worth singling out among the various types of industries in the city. A number of factors, such as the diverse landscape, location along the Hudson River and proximity to the main transportation thoroughfares contribute to making the city a nice location not just for cinema, but for the television industry. A lot of movies and TV shows such as “God’s Pocket,” “The Other Woman,” “Hostages” and The “Blacklist” were filmed in downtown Yonkers, impacting the economy positively

Popular Attractions in Yonkers

The Science Barge

Powered exclusively with renewable energy sources like wind turbines and biofuels, the science barge is regarded as the only demonstration of renewable energy for organic food production in New York. The Science Barge is comprised of an interactive science Museum and a functioning farm. Water supplied to the hydroponic growing system of the Science Barge is obtained from two sources: namely, collected rainwater and purified river water. The water circulates continuously. Originally developed by an environmental nonprofit organization called NY Sun Works, the Science Barge indulges in an eco-friendly growing process without the use of pesticides and fertilizers. Its permanent location in Yonkers is a nice location for any person or group of people interested in learning about sustainable growing practices. Interestingly, the Science Barge does not sell its produce- it is instead donated.

Hudson River Museum

Visitors to the Hudson River Museum will have the chance to explore the six period rooms to get a feel of the lifestyle of the John Bond Trevor family that lived in the previous century. The museum has a planetarium and a gallery space that hosts world-class exhibitions. It is also home to Glenview Mansion, an outdoor amphitheater and a period house. Among the highlights of the museum is “The Seven Deadly Sins: Envy, An Installation,” which is an exhibition that shows the seven deadly sins in different cultural institutions.

Boyce Thompson Institute for Plant Research

Though Boyce Thompson Institute was moved to the Cornell University Campus in 1978, the greenhouses it left behind are a must for plant lovers. The horticulture institute has become vandalized as a result of many years of abandonment. However, the institute has become a nice location for nature enthusiasts as it has become forested with vines and moss. To explore, visitors must venture through leafy foliage.

Untermyer Park

From the 1920s to the 1930s, Untermyer Park was once one of the most highly-praised gardens in the world. Spanning 150 acres, Untermyer Park offers impressive views of the Hudson River. Before the 1970s, the park housed temples, fountains, functioning greenhouses, a sundial, that was the only “living” sundial in the world, and Italian imported gardens. But occultic gatherings and rituals that took place in the park dented its image and reputation. However, effort is being made to restore the lost glory of the park. Thus, in 2011, the Untermyer Gardens Conservancy was setup. Many visitors come to the garden on yearly basis. Its major entrance is located at the south of St. John’s Hospital on the North Broadway.

Things to Do in Yonkers

Yonkers offers residents and visitors plenty of things to do. Whether one is interested in shopping, festivals or nature, there is always something to do in this city. The Yonkers Film Festival, which is also known as YoFi Fest, will appeal to any film and culture enthusiast. It is a four-day festival during which filmmakers and artists display their new works, such as animation and music videos. Parties are also hosted. Visitors get the opportunity of engaging in forums with filmmakers. SummerFest is another festival to witness in Yonkers. The highlights of SummerFest include outdoor concerts, mini fashion shows, nail art demonstration, children’s shows, live music and festive fireworks shows. The Green located at the mall’s center is a nice location to enjoy a bit of free concerts in warm weather. Families are well catered for in Ridge Hill. Restaurants are available in this location, while also doing your shopping. Ridge Hill is always lively; during the evening, films are screened on certain days during the summer period.

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